ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Banque Cantonale Vaudoise's Holding History (CIK: 0001793755)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 144,000 Value ($000) $2,913 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 144,000 Value ($000) $3 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 144,000 Value ($000) $3 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 144,000 Value ($000) $3 Avg Close $20.85 Range $19.58 - $21.80

Q3 2024

Shares 266,903 Value ($000) $6 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 196,903 Value ($000) $4 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 120,903 Value ($000) $3 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 120,903 Value ($000) $2 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 120,903 Value ($000) $2 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 120,903 Value ($000) $2 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 120,903 Value ($000) $2 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 120,903 Value ($000) $2 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 120,903 Value ($000) $2,041 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 120,903 Value ($000) $2,168 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 120,903 Value ($000) $2,533 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 120,903 Value ($000) $2,562 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 120,903 Value ($000) $2,458 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 120,903 Value ($000) $2,368 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 120,903 Value ($000) $2,262 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 120,903 Value ($000) $2,042 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 120,903 Value ($000) $1,687 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 120,903 Value ($000) $1,747 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 120,903 Value ($000) $1,303 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 55,903 Value ($000) $1,043 Avg Close $10.31 Range $9.90 - $10.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	144,000	$2,913	$19.79	$18.36 - $20.64
Q3 2025	144,000	$3	$21.33	$19.60 - $22.39
Q2 2025	144,000	$3	$19.97	$17.08 - $21.13
Q1 2025	144,000	$3	$20.85	$19.58 - $21.80
Q3 2024	266,903	$6	$18.23	$16.88 - $18.78
Q2 2024	196,903	$4	$17.90	$17.19 - $18.65
Q1 2024	120,903	$3	$16.97	$16.50 - $17.82
Q4 2023	120,903	$2	$15.96	$15.11 - $16.83
Q3 2023	120,903	$2	$15.48	$14.81 - $16.12
Q2 2023	120,903	$2	$14.38	$13.58 - $15.16
Q1 2023	120,903	$2	$14.33	$12.98 - $15.20
Q4 2022	120,903	$2	$13.85	$12.13 - $14.57
Q3 2022	120,903	$2,041	$13.92	$12.26 - $14.87
Q2 2022	120,903	$2,168	$13.84	$12.20 - $15.83
Q1 2022	120,903	$2,533	$14.63	$13.59 - $15.72
Q4 2021	120,903	$2,562	$13.96	$13.29 - $14.62
Q3 2021	120,903	$2,458	$13.21	$12.76 - $13.85
Q2 2021	120,903	$2,368	$12.51	$11.72 - $13.01
Q1 2021	120,903	$2,262	$11.38	$10.33 - $12.22
Q4 2020	120,903	$2,042	$9.58	$8.32 - $10.75
Q3 2020	120,903	$1,687	$8.55	$8.07 - $9.08
Q2 2020	120,903	$1,747	$7.90	$5.17 - $9.48
Q1 2020	120,903	$1,303	$9.57	$4.60 - $10.93
Q4 2019	55,903	$1,043	$10.31	$9.90 - $10.59